The Best Therapy in the World

People ask me all the time how they can develop proper tools of self-confidence. Allow me to save you a few steps. THERE IS NO BETTER TOOL OF SELF CONFIDENCE THAN COMING UP WITH A REALISTIC PLAN OF ACTION AND THEN FOLLOWING THROUGH ON IT, OVER A PERIOD OF MONTHS AND...

Bush’s Baseball Tax Fetish

What is it with some Republican leaders and baseball? When it comes to America’s national pastime, the party of lower taxes and less government leaves its principles in the dust. The lead GOP pitcher for sports pork is President Bush, who launched a federally...

The NASDAQ Plummet: A Truly Mean Reversion

Statisticians who watch the stock market are accustomed to using the phrase “mean reversion” to describe how returns from investing in equities tend to come back to their long-term averages after they diverge for awhile. The extraordinary period that ended...

The Role of “The Rich”

A recent catalogue from the giant second-hand camera dealer KEH listed a Canon camera made for the Japanese navy during World War II. This model is described as one of only 15 such cameras made and as being still in excellent condition. Its price is $40,000. Most of...

Friendship is Selfish

Cicero wrote that, “There is nothing more fatal to friendship than the greed of gain.” Although a popular sentiment, it’s a deeply mistaken one. Think about the friends you have. Try to make yourself aware of what you enjoy about those friends...